# The Finance Act, 2024 (No. 2), Section 13: Amendment of section 37

- Act: The Finance Act, 2024 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/13/

## Text

Amendment of section 37. 13. In section 37 of the Income-tax Act, in sub-section (1), in Explanation 3, in clause (iii), for the words "outside India.", the following shall be substituted with effect from the 1st day of April, 2025, namely:— "outside India; or (iv) to settle proceedings initiated in relation to contravention under such law as may be notified by the Central Government in the Official Gazette in this behalf.".

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